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20130115
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'm not asking anyone else to write any checks until i hear something that makes sense to me. since the election there have been a lot of gatherings and meetings among those who are active in raising money. the question is are we united in drying that up from the people i have talked to? the answer is yes. krystal ball, when you have lost the socialites, i believe the republicans have nothing left to lose. >> well, it -- >> what else is there? this is rock bottom? >> it looks pretty bleak. >> a hack, fundraiser. >> she had strong words there, well, i was looking back at the analysis "the washington post" did last summer regarding the republican party, and the sort of old republicans which i assume she is, fiscally conservative, typically northeastern, typically well off still make up about 22% of the party. so a decent chunk of the party. and what georgeette there shows, they make up a certain amount of the funding base which is why they have had a lock on the republican party. and the innovation for the growth of the tea party is their ability to have larger scale donor movements, smaller dolla
. >> and it is legacy material. he won re-election on -- one of only eight presidents to win two terms by 51% of the popular vote. what does he use that mandate for? also -- >> that's your question. when are you going to do what you got there to do? stop worrying about getting there again. >> the presidents don't always just follow public opinion, they have to shape public opinion. >> can i ask you -- okay. i'm a suburbanite city mouse. i generally have lived in suburban areas, but i don't know why you need a gun show. i mean, if you want to buy a gun, you go to a dealer. why do you have to have a show? why does it have to be a big hotel opens its doors to a bunch of gun salesmen and people -- >> well -- >> why do you have to have a gun show? >> far be it from me to comment in depth on gun culture, but i do think it's fun. gun shows are fun. it's like auto shows. >> you walk out with -- >> if you have the universal background check that the governor is talking about, then fine. the problem with gun shows is they're used as a huge loophole to sell a lot of unregulated guns. that's the problem
the sunlight foundation added up political spending in this past election to see who got the most bang for their buck in their political spending? it was really bad on the right. the republican party's house campaign committee spent almost $65 million, but only 32% of what they spent went to campaigns in which their candidate was successful. so two-to-one, their money was spent on losing. it was worse for the republican party's senate campaign. for their investment of $32 million, only 24% paid off in terms of races that went the way they wanted to. three to one, their money was spent losing. freedomworks was about the same. and the chamber of commerce, which is supposed to be such an impressable and unassailable campaign juggernaut, the chamber of commerce spent $32 million, but less than 7% of what they spent went to winning candidates they wanted to win, or against losing candidates that they wanted to lose. less than 7%. they were 93% ineffective in what they spent. even worse than that was karl rove's american crossroads, which was like the conservative politics marquee humiliatio
for the republican party. >> you're in politics to win to get your ideas. we lost two national elections in the row. we need to think about doing something different. >> there's plenty in new jersey in politics, as well. >> a lot less than there used to be. >> a new poll confirms christie winning support from both sides of the aisle. 73% of new jerseyans approve of him, including 62% of democrats. last night christie delivered his state of the state address, which was chock full of calls for cooperation. we don't have that sound. the washington post dana milbank paints christie as an anomaly. americans are crying out for an end to ideological warfare. that has developed into christie's signature in new jersey. a poll found support for the tea party is at record lows, while the poll found 24% called themselves tea party members in 2010, 8% see themselves as one now. evenly between democrats and republicans, that changed this past year. currently, 47% of americans identify with democrats compared to 42% who align with the gop. last night on "hardball," crusader dick army diagnosed the problem as mist
to imagine they're now going to come back and actually do something. >> if only there were a senator elected to washington -- >> who cared about the consumer. >> -- that steve rattner supported. >> i think i know where we're going. >> if only there were that person. you could just check them off. >> you know what? there is. >> steve didn't support him. >> absolutely. you are going to come around on elizabeth warren. you just are. who doesn't? elizabeth warren said this on the issue. aig's reckless bets nearly crashed our entire economy. taxpayers across this country saved aig from ruin. and it would be outrageous for this company to turn around and sue the federal government because they think the deal wasn't generous enough. steve. >> so i agree with elizabeth warren who's completely right. >> that's all i need to hear. you just made my morning. >> january 9th of the new session. >> check right there. >> it's amazing what a victory does. >> come on. >> something about 1,000 fathers and orphans. >> something like that. something like that. so i'm curious, mika. i'm reading "the new york time
after the elections next year? >> i want us to remember why we went to afghanistan. we went into afghanistan because 3,000 americans were viciously murdered by a terrorist organization that was operating openly and at the invitation of those who were then ruling afghanistan. it was absolutely the right thing to do for us to go after that organization, to go after the host government that had aided and abetted or at least allowed for these attacks to take place. and because of the heroic work of our men and women in uniform, and because of the cooperation and sacrifices of afghans who had also been brutalized by that then host government. we achieved our central goal, which is -- or have come very close to achieving our stroll go central goal, which is to decapacitate al qaeda. to dismantle them. to make sure they can't attack us again. and everything that we have done over the last ten years, from the perspective of the u.s. national security interests, have been focused on that aim. and, you know, at the end of this conflict, we are going to be able to say that the sacrific
've got to say, if you look at how the republican party reacted the first time president obama was elected, i wrote a book that basically could be boiled down to don't lose your -- al roker at the white house. >> exactly. >> they didn't listen. they went out, they engaged in birtherism, they called the president a racist who hated all white people, and they went so far right and so extreme that they lost middle america. and so yeah, we lost another presidential election. look at the cover of "drudge" which i think magnificently reflects the feelings of conservatives, where the conservative movement is. and you know, he links stories that people want to see, and he does it better than anybody else. this weekend, i went on "drudge." and at the top of it is a story of survivalists. that are buying property, arming themselves and building walls out west. you have sean hannity who is talking about secession. you have another talk radio host whose name isn't even worth mentioning that is talking basically about -- about how the federal government is coming in and taking weapons, you know. there'
and election races. joining us is planned parenthood sophia richards. here we are four decades afro v wade, and it is hard for my young people men and women to remember. 50% of the population was born since 1973. people do not remember when it was illegal, when contraception was unavailable, and that could be influencing some of the polling which -- mixed polling which shows a lack of support. it depends on how the question is asked, in the exit polls. it was pretty clear. 59% saying abortion should be legal many most -- if not all circumstances, and only 31% disagree. where do we stand? >> well, actually in the most recent gallop poll, i think, andrea, is 77% of the americans believe abortion should be legal in all or most cases, and it's been consistent ever since roe was decided, and again, for most people in this country, 40 years later, this is an established right that women have. it's an important legal protection, and even what we have seen in the last couple of years is we've had so many attacks in state legislatures and politicians going after women's rights we've seen a resurgen
explains why we still don't have a budget and how our elected officials have bungled a basic business process most of us handle with ease. a must see. "your money" starts right now. jo america's road to economic recovery is wide open, right in front of us, if our elected officials don't put major blocks in your way. i'm ali velshi. debt ceilings, budgets and spending cuts are all you'll hear coming out of washington for the next few months. the partisan warfare in washington could put a dent in any recovery. the threat is real. the next battle will be another clash over raising the u.s. debt ceiling. the current ceiling was officially hit on december 31st, but like last time the u.s. treasury is using extraordinary measures to get through about late february or early march. if congress doesn't act by then, the government risks not being able to pay some of its bills. republicans seem to think the debt ceiling is a useful tool to limit how much the government spends, but that is not what the debt ceiling law is supposed to do. it gives the u.s. treasury the flexibility to borrow money
. this is a leadership moment for all people in elected office in this country. we are at a crossroads. which way do we turn? it's no time to change the conversation and start picking on the first amendment and say, well, it's the entertainment industry. the entertainment industry has been around for a long, long time. governor christie, it's the guns. get your cell phones out. i want to know what you think. tonight's question, will the nra and republicans block responsible gun legislation? text a for yes. text b for now to 622639. you can always go to our blog at ed.msnbc.com. we'll bring results later on. joining me tonight is katrina van den hubbell. the conversation is elevating on all levels. with the hysteria coming from the right wing, is it going to make it tougher to get more reasonable gun legislation in this country? >> yeah, but i think you're right, ed. i think we're at a crossroads. it's a singular moment for to end gun violence there is a poll out today showing the nra at its lowest opinion point in years, largely because of wayne lapierre's speech written by satirist jonathan swift. gab
of steroids, no one has been elected to the baseball hall of fame this year, nobody. we're going to ask someone who actually had a vote about the whole subject. >>> and later, president obama is about to nominate jack liu for treasury secretary. i say it's a terrible idea. what do big names like steve forbes and howard dean say? we're going to ask them. i suspect sparks will fly. and don't forget, folks, free market capitalism is the best path to prosperity. somebody's got to teach that to jack liu. we'll be right back. ♪ you know my heart burns for you... ♪ i'm up next, but now i'm singing the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief it is! fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! yeah, this is pretty good. [ male announcer ] over a third of a day's fiber. fiber one. [ male announcer ] over a third of a day's fiber. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actua
in the 2012 laerksz the republican party is now searching for a way to recover and beyond the election loss, there's house speaker john boehner, he's had his own problems lose ageffort to get support from his colleagues for a last ditch fiscal cliff measure. another story the tea party wing in the gop still has influence. and that sometimes causes major divisions. so is it time for the party to change? does it need to become a big tent? rich galen joins us from washington, a republican strategist. rich, i guess you could say the gop has its own bad case of the flu. what's the cure here? >> part of it is is just as with the flu for most people, wait it out. take plenty of water, go to bed and wait till you feel better. that's part of what's going to have to happen here. these things in washington tend to be cyclical. in terms of what the republicans in the house are going through, it's useful to remember, when i first came back to washington in 1996, i talked to a friend. i was working for newt gingrich. i was talking to a friend who worked for tip o'neill. i said how did tip spend his day?
assumed or hoped. >>> next, add this one to the list of why republicans missed the whole election. it turns out we're in for this fight again. >> the amendment i bring to the floor tonight would deny any and all funding to planned parenthood and its affiliates for the rest of the fiscal year. >> that was mike pence leading the charge in 2011 to defund planned parenthood. it did not stop with his exit from congress. enter marsha blackburn. she's on the show a lot. and her kickoff this time to the 113th congress. >> we felt like that, to start the year off on the very first day that we would go ahead and get the bill filed. what it does is to defund planned parenthood. it would block their ability to get taxpayer money, and we know that planned parenthood is basically big abortion business. >> there you have it. she's not alone. marsha blackburn's colleague also reintroduced the same bill. planned parenthood president weighed in. quote, they apparently learned nothing from the result of the last election where americans said they do not want politicians dictating women's access to h
? supposedly the constitution says there's supposed to be new elections in 30 days. he doesn't want that to happen. so are you going to see chaos in the streets, are you going to see protests from the position? -- the position in the next couple of weeks? why do we care? biggest reserves of oil in the western hemisphere, second largest in the world. take a shot of the wall. we have this graphic. i think this is really telling. so on the left, way on the left, the blue are the reserves of venezuela, the green is the production. go a few columns over to the united states. we have very little in the way of reserves compared to venezuela. our production is much, much higher. so the markets are betting, and if you look at the venezuelan stock market or venezuelan bonds of which are widely held in fixed income portfolios, the betting is that post chavez we get closer to the point where the country starts reinvesting in its oil facilities. >> and production -- >> then production would go up. we would have greater supplies. plus, more would come back to the united states because, remember,
who come out in midterm elections because midterm elections, unlike presidential elections, you tend to get people from the far right and the far left who come out and vote. and so these democrats have to decide whether those gun owners would be with them on a certain number of issues so they could still get re-elected and still do some kind of gun control, wolf. >> and remember the price they paid for this during the clinton administration. >> right. they do want to do gun control but they have to find out what is realistic and what's not and that assault weapons ban is right there smack in the middle of everything. >> thanks very much, gloria. >>> more than half a million people are fleeing syria's civil war and now winter is compounding the misery for many refugees. >>> plus, details from this spectacular winter phenomena. impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t
comes next. 1 of 3 people who voted in this election were women who voted for obama. we had a discussion about binders of women. we're having this discussion about the cabinet largely because of how we got here. i think the personal matters but what that means for the policy actually would be a much more interesting conversation. >> i think part of the reason was -- we'll play a little bit of the binder for women. it became a tag looib after mitt romney told the story in one of the debates. take a look. >> i've got to tell you we don't have to collect a bunch of binders to find qualified, talented, driven young women. >> the idea to go and ask where a qualified woman was, come to my house. he didn't need a binder. >> what does that mean? what does that mean? why is joe biden hiding qualified women in his house? >> what i better than joe biden. >> i agree. i'm grad we're talking about it. that photo had about a dozen people in it. the reality is there's 22 members of the cabinet and cabinet-level positions. eight of them are women. another five are minority men. so it's not like that phot
popular where he is running for re-election? >> let's hear what the governor had to say about it, ee a picture of a really tough guy? >> yeah, let me see. yeah, did you see that? i'm reporting "time" magazine to like anti-italian defamation league. look at that thing. boss underneath it come on. >> makes you like like tony soprano. >> i can't wait for that to come home for my kids to see it. >> bill: you know what mcguirk, he likes that. >> why not? it's a good image. good fela's image. i'm all for it. this guy is the man, in my humble opinion. he is the future. i mean, with all due respect to the my friends on the right who criticized governor christie, he is the guy, he is a no b.s. straight talking miss call hawk. what's the biggest danger to our country debt? >> what did i tell you about the east coast love fest? it's sitting right here. outside of this area are not going to forget those wet kisses he gave barack obama. i don't think they are going to forget that. >> he had to do that. >> of course he had to do it. he didn't have to do it so many times. >> lance armstrong who i t
was elected for four more years. to me, this president has shown in the first four years that he's willing to go to battle for these types of things because remember when he won the first election, one of the first thing he said was "i won the election." >>steve: after george bush and george bush lost all his political capital by the time katrina hit. he was not able to use his political capital to get social security passed. that was after winning the election and beating john kerry. >>brian: what is wrong -- what are the challenging things about senator hey dell? number one, he's for without preconditions sitting down with iran. he says sections wouldn't talk. he says it is a good idea for israel to talk directly with hamas. hezbollah is an organization we should be engaged with. he went against the surge, was with president obama. this is one last time to say the bush administration and the bush policies were going the exact opposite way. senator ted cruz, one of the up and coming stars on hannity last n.i.h. >> he was reelected and at this point he thinks he can do nothing wrong. he we
minister medvedev about more flexibility after the election. well, this is flexibility manifesting itself. we're pushing everything up more quickly. moving up the time line contradicts a lot of reports we've seen about the readiness of the afghan national army, whether they will truly be prepared to secure the country both to protect the regime there but also ensure the mission we went there to execute, which is prevent al qaeda and radical islamist extremists from having a haven from which to operate, whether they'll be able to do that. that is still an open question making this announcement -- >> what are we doing now, pete? some folks say we're kind of sitting ducks in some way. is the mission going on? what is the mission? what is the end goal in your mind as a veteran? >> sure. the end goal should be to secure america's interests. this is not about building a nation for afghan. let's be clear about that. however, i don't think a rush for the exits right now is the way to do it. a gradual, measured withdrawal based on conditions where we train the afghan national army to be capable. w
of the gun issue. well, for the first time since al gore lost the election, there has been a sustained conversation about what the government can or should do about gun violence. as vice president biden prepares to unveil proposals, some details are emerging. universal background checks on gun buyers ramped up prosecutions for gun purchasers who lie on background check forms and restrictions on high capacity clips. also says it is not backing off a push for a new ban on assault weapons. this morning, vice president biden will meet with members of the house gun violence prevention task force. which includes carolyn mccarthy and arizona's ron barber, who was wounded in the tucson shooting. we've also seen the democratic party ko ales around it more than before. in its future, nominees are pressing for gun control. look at andrew cuomo and martin o'malley. if anything, real gets done on guns in washington, it will be because of victim's groups and a group called sandy hook's promise will kick off the press conference this morning. >> i'd like to tee newtown come out as not as a place -- h
and then beating them like a drum in the next election. now, they just added 100,000 members. they have 4.2 million. it's less than a kwaurlt of the names that obama has in his obama for america database. it's a tiny fraction of the aarp. i don't use gun control anymore because i -- you have a lot of people on the right side of this argument. they just haven't taken as seriously as the nra folks have. that's what has to change. they have to take their arguments about hitler and stalin into the 2014 election and get stomped in those suburban districts. they'll win the rural vote, but in the swing suburban districts where you have people with a lot of commonsense, if they get beat and beat bad and they -- democrats focus on these districts not only can they get some gun control legislation, but they can get the house back. this is about the nuts and bolts of politics and developing a moment that it's the only thing that's ever caused change in this. >> why that's really important is that the nra wants us to fall into this trap of making this about a bill or making this about a restriction or a legisl
the fourth quarter, we had an election, the fiscal cliff and i think -- >> don't forget hurricane sandy. >> yeah, so you can say, hey, orders were a little bit slow but we're starting to see them pick up and every investor will go, yeah, that sounds about right and i think they will give them a pass. low expectations and the pass for the quarter. i think it will be a good quarter. >> rob, let's talk technical. i love technical strategy. how do you charts look to you based on the commentary you just heard on the fundamental side of it? >> maria, it lines up fairly well. if you look at where the weekly indicators are, they tend to track the one to two-quarter shifts and they are still building positively. our view is as you get into the latter part of the first quarter, the market is probably setting up for a more serious correction as you get into q2. one of the things that we're looking at is this rotation that's going on in the market. i think that's really the critical point to be focused on for investors and for viewers out there, and that is this rotation of the global growth themes
crisis in venezuela, because the constitution there says you're supposed to have an election within 30 days. if the winner cannot actually be inaugurated. we'll see what happens there. we'll show you what's going on with venezuelan bonds. they're widely held with a lot of fixed-income portfolios. look at that, nearly 9%. when hugo chavez first got sick, venezuelan bonds rallied dramatically, because people thought, okay, there's now going to be more investment back in the oil infrastructure, that means there will be more likely to pay back the money. in the short term if you look to the right, yields have risen again because in the short term, this could lead to chaos. they have the largest reserves in the western hemisphere when it comes to oil. moving on to north korea. we now have video, google executive chairman, eric schmidt, touring a computer lab in north korea, along with the former governor bill richardson who organized the trip. this is the entrance to the grand people's study house. and you'll see them looking at north korean individuals who happen to be allowed to be on the
is going to show who he really is. remember when he said to the soviet president after the election i will be more flexible which means he can be more of who he wants to be. number one item is cut down defense, the defense department. leon panetta said the cuts were supposed to go into effect on january the 1st and have now been delayed for a month. if they went into effect he gave i wanted indications he might resign on principal because he cannot carry it out. when hagel was asked he said the defense department is bloated and needs to be paired down. he is prepared to do the dismantling obama wanted to do never admitted he wanted to do but would be carried out in a second term. >> when discussing iran he said describing hagel as being soft is an under statement. what's going on with us today? >> still looking at more heavy rain associated with the storm system across texas and louisiana and mississippi valley. eventually some of the rain will head to the great lakes and the northeast by the end of this workweek. that is something to look forward to. it is because it is so mild out t
common sense. from td ameritrade. >>> since the election, vice president has taken a front and center role leading the task force and as he points out in his new column, his success might be partly attributable to the fact that republican ares like biden and feels he treats them fairly. does anyone know how to make a deal. it was a rethor are ical question. first he will have to beat hillary clinton. in a new ppp poll, 57% said they would like to see her as the democratic presidential candidate. joining me now. msnbc ezra's klein. >> the joe by den that we have seen emerged is the one we know. i have seen him be concise, effective. very clear, on what objectives are and clear on what was possible and that seems to be the role he is playing inside the white house. it is a big role. it was born out of the increasing feel of biden. he makes these hilarious jokes. telling people they are going to have to spread their legs to get frisked at the senate. when he ran with president obama the idea of the obama candidacy was to get washington past it's partisan warfare. that new kind of politic
're "on the money," was president obama re-elected because he won the internet? why buzz is what ron's politics in the press. as we take a break, take a look at how the stock market ended the week. back in a moment. oh! progress-oh! -oh! -oh! oh! oh! ♪ what do you know? oh! ♪ bacon? -oh! -oh! oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your story for a chance to win a progress-oh! makeover in hollywood. go to facebook.com/progresso to enter. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. >>> each and every year the ho
on the program. good to see you. >>> up next we're "on the money," was president obama re-elected because he won the internet? why buzz is what ron's politics in the press. as we take a break, take a look at how the stock market ended the week. back in a moment. at 1:45, the aflac duck was brought in with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. >>> each and every year the hottest handheld device is introduced at the consumer electronics show in vegas, event long thought of as the super bowl of new technology. but my next guest say that may not be relevant to the way technology is actually being used today. from viral content website buz
washington being dysfunctional. if in two years the country wants to elect, you know, a completely democratic house that will agree with everything that the obama administration wants, then we'll do that and we'll electric more democratic senators, the democrats can control the house, the senate and the white house and we'll give the president a rubber stamp on everything and washington will be totally fixed and we'll live in this great, great european country. so maybe it will go that way. but if it doesn't go that way and it's not washington, it's the people that send these representatives to washington who disagree with -- there's a 50/50 people split in this country of people who love entitlements because they're people on the receiving end and there's people on the other side who is funding everything. i don't know. i don't know whether it's a broken washington or we're just at a crossroads in the way the republic is governed and we have to make a decision as a country which way we head. >> right. that's definitely a lot of the ltage. there's still a lot of assets on the other side of th
fighters who surrounded him and his fellow soldiers. >>> the approval rating for our elected representatives in washington is standing at 14%. 81% disapprove, that is an improvement from august at 10%. the brother of ailing venezualen president, chavez, has benot be seen in public for a month now. >>> tomorrow marks 1 year since the luxury coaruise ship ran aground survivors are pushing for changes so that a tragedy like theirs will never happen again. miguel marquez reports. [ screaming ] . >> a world turned up side down. a luxury cruise liner strikes a massive rock. it shudders to a stop, begins listing heavily and starts to sink. >> the fear that was basically, terrifying, because especially what really terrified is, well how -- when panic started -- >> this couple and their two daughters were among the 4200 plus, passengers and crew on board the costa concordia, they said their goodbyes thinking they would die. it was found that the captain did not order abandon ship in a timely manner. >> if they trained the personnel, and gave the word, everyone wanted to get on the lif
against him, up for re-election and in a towering position and said in an interview if he decided to run for president this time he'd be a lot more ready to run than in 2012 if he took a pass. in a lot more formidable place in terms of the party. >> that's what i was going to say in terms of being a potential real candidate. i would assume there are high level republicans talking to him, courting him, trying to make it happen. they certainly did last time around. these numbers help in a big way, chuck. >> he's taken it one step at a time, getting the governorship, getting re-elected matters a lot to him. he's obviously on track to do that. he's the favorite of a lot of republican money, especially in this city in the tri-state region. he will go into an intensely competitive primary which is important. what the party looks like two years from now is still pretty much up for grabs. there are a lot of different factions within the party. his appeal could be crossover. there's a lot of people in the tea party factions who were attracted to him in 2012. whether he will continue to be that ca
an election. people are already starting to talk about the horse race for 2016. you do elections -- >> hillary's up. >> we have a serious, serious problem that we need to address. fiscal, education, immigration, infrastructure, health care costs. i can go on and on. even the guns issue. >> the show is over. thank you for being here. >> it's a pleasure. >>> thank you, david. have a great weekend, everybody. right now it's time for "squawk on the street." >>> good friday morning. welcome to "squawk on the street." i'm carl with melissa lee, jim cramer, david faber at the new york stock exchange. let's look at futures on a friday morning. mild action here. we are paying attention to the mutual fund inflows. as for europe, disappointing industrial production numbers in spain and the uk. but the euro is at a nine-month high this morning. we begin with the s&p, a five-year high. a lot riding on bank earnings. the report's not perfect. american express joining the list of financials that are cutting jobs. >>> best buy's troubles continue. they're not the only retailer under pressure this morning. jcp
that served in the clinton administration about after the election how the president was going to fill out his cabinet. and he said if you look at the pattern that this president has followed, it has tended to pick people close to him who he feels very comfortable with. the criticism of president obama from some is that he's insular and that he has a very close circle. the positive of that is that it's a pretty cohesive group and he deals with people that he's comfortable with. and jack lew is clearly one of those people. >> you know, john, i know when you read the "new york times" editorialal page you know what you're getting when you read "the wall street journal's" editorialal pages you know what you're getting. but the point is, anyone that is still holding out some hope for a clinton-type packet more to the center is just becoming clear, more and more clear that that is not what we're going to get. the president has ideas about where he wants to take the country and there's no reason, once you're re-elected, why he can't put his own people in that will further his goals. but you just read
, president bill clinton when he was president elect had a famous eruption of his temper at the bean counters who were complaining about lack of women in little rock. but it's been 20 years. there's been a generation since then. and it ought to have been easy. in fact, it would have been easy to find women. imagine what the stories would look like now if susan rice had been nominated to be secretary of state and michelle florinoi was the first defense secretary. >> i'm told that they are looking for a woman for commerce. i'm sure they are all very qualified. and then you say, oh, they needed a woman and they are putting that woman in a job because she's a woman. well, that's not a good storyline for them. >> or for people like you and me. >> right. exactly. and then the other question i have is, how much does the president, the top people listen to the women who are there? is it a question of numbers of women or is it a question of influence of women? i mean, you could argue that valley jarrett is the closest person on the senior staff to the president, long time friend close to the president
now. they want to get elected. they are just representing the voters who put them there and those voters across the country disagree wildly about what it do. so when voters say we hate congress, no, it is, with we hate voters who disagree with me. >> i saw the movie "lincoln" just there weekend and at that time, members of congress hated each other. and the level of rhetoric was so much more then. google, eric schmidt calling for more access in north korea. he is forming the country with bill richardson. schmidt, the latest american excesstive to visit there since kim jong-un took power there. >> i have no problem with schmidt being there. i asked governor richardson if i could go, she report with a pout, i was upset. i don't believe this idea that the state department is all worried they are going to dit rupt some great policy that they are. >> probably just showing kim jong-un how to search for porn. >> he probably already knows. >> how to turn on a light. >> it is a wide-eyed silicon valley guy going to a very poor corrupt country thinking, wow, technology will change everythin
. remember what he said to the soviet president after the election i will be more flexible, which means he can be more of who he wants to be. number one item on his agenda is to cut down the defense department and his current secretary of defense. leon panetta said to the kind of cuts in automatic cuts that were supposed to go into effect on january the 1st, that have now been delayed for two months, if they went into effect, it would destroy the military, hollow it out. he gave very strong indications he might resign on principle. because he could not in good conscience carry it out. when hagel was asked about that. about the statements that panetta had made. he said the defense department is bloated and it needs to be pared down. he is prepared to do the dismantling. that obama wants to do, would never have admitted he wanted to do, but will likely be carried out now in the second term. >> bill: why does the president want to down size the pentagon, the defense department? why does he want to do that? >> because obama this ideological vision of america as a super power to big for its bri
, but he's not been an easy person to work with. and it strikes me with an election coming up, we should be on the lookout to be working with other actors in afghanistan. >>brian: exactly. you say leaving without losing. in afghanistan, for example, we're debating about money and force strength after 2014. we should we be focused on? >> i think what we should be focusing on is continuing an arms relationship with afghanistan, continuing to provide advisorses. in other words, give them the tools to fight the taliban. i think that in fact they're going to be motivated, partly because the taliban are going to behave so badly like they did before that we will find afghans win to fight them. it might not necessarily be president karzai, but there will be afghan actors who will fight the taliban. >>brian: you say one of the things the soviets did wrong, the soviet union collapsed, gorbachev takes over, and the reason why what the afghans left collapsed is because the soviets cut them off. >> gorbachev continued to arm them. it was yeltsin. as soon as yeltsin took over at our behest, he took ov
've had i think a trend toward electing people who are more extreme in their positions on this and i dent think they represent necessarily the average parent who i think would prefer an environment where their child wasn't exposed to that kind of risk. >> vice president biden of course is working really hard at this and is meeting with a lot of groups. and speaking of federal law, would you be more comfortable if this was a federal law that would make it so that public schools could not have teachers who were armed or do you believe that should be up to the local districts? >> i think this needs to be a national consensus. i think we need a federal law on that. i don't -- i don't believe that -- if you create anomalous environments where those things are available, you have too much bleed thru, i think we need to have consistency across this. parents should feel comfortable regardless of where they live. >> rhonda, has there been any student reaction to this? what is their takeaway knowing the teachers in their schools may be secretly armed? >> well, i mean, you used the word "secretly."
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